World Steel production remain flat at 159 MT in June


Biznextindia : World Steel Association (worldsteel) reported that global crude steel production for June 2023 amounted to 158.8 million tonnes (MT), marking a slight 0.1% decrease compared to the same period in June 2022.

Notably, China, the leading steel producer, recorded a production of 91.1 Mt in June 2023, showing a modest increase of 0.4% from June 2022. On the other hand, India experienced significant growth, producing 11.2 Mt, a notable increase of 12.9% over the previous year.

Meanwhile, Japan’s crude steel production stood at 7.3 Mt, indicating a decline of 1.7% from June 2022, while the United States showed a slight upturn of 0.5% with a production of 6.8 Mt.

Russia’s estimated production reached 5.8 Mt, marking a notable increase of 3.8%. South Korea, however, experienced a marginal dip of 0.9%, producing 5.5 Mt.

Among other notable producers, Germany’s crude steel production decreased by 8.4% to 2.9 Mt, while Iran saw a significant surge of 17.4%, producing 3.2 Mt.

Brazil and Türkiye faced declines in production, with Brazil producing 2.6 Mt, down by 12.5%, and Türkiye producing 2.9 Mt, experiencing a decrease of 1.5%.

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